General Motors Co (NYSE:GM) has several options to navigate the tariff headwinds and there is "incremental momentum" in the company's growth story into 2026, according to Wedbush.
The General Motors Analyst: Analyst Daniel Ives maintained an Outperform rating, while raising the price target from $55 to $65.
The General Motors Thesis: The company is taking strategic steps, including production relocation and cost-saving initiatives, to mitigate the impact of tariffs, Ives said in the note.
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While the U.S. trade deal with South Korea represents "a solid first step," potential deals with Canada and Mexico could also ease the impact of tariffs ahead, he added.
General Motors is also strengthening its position in the EV (electric vehicle) market relative to the last few years, the analyst stated.
"We also believe GM has a myriad of new models coming out over the next 6-12 months that could catalyze consumer demand across its product line," he further wrote.
GM Price Action: Shares of General Motors had risen by 1.55% to $57.11 at the time of publication on Tuesday.
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